Day: May 20, 2021

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Who is the Bigger Official Lender in Africa: China or the World Bank?

In an oft-cited 2019 working paper titled “China’s Overseas Lending,” we read that China has become the world’s “largest official creditor, easily surpassing the IMF or the World Bank…” Is this true in Africa (All references to Africa in this article refer to all of Africa, ...

Ghana’s Defense Minister Is Sending the Military Back to the Countryside to Crack Down on Illegal Gold Mining

Facing a surge of public pressure that the government isn't doing enough to stop small-scale illegal gold mining (a practice known as galamsey,) Ghana's Defense Minister Dominic Nitiwul announced that a joint Army, Navy and Air Force task force will be redeployed back into the ...

The Head of a Major Chinese Mining Company Flew to Sierra Leone Just Days After Parliament Cleared the Way for Expanded Iron Ore Shipments

Colin Ding,President of Kingho Energy Group, landed in Freetown this week, just days after Sierra Leone's parliament voted to ratify a port and rail lease agreement that will facilitate the export of iron ore from the West African nation.

China’s Ambassador to Sierra Leone Pays a Visit to the Anti-Corruption HQ, Donates Equipment

Chinese ambassador to Sierra Leone Hu Ziangliang paid a visit on Wednesday to the headquarters of the SL's Anti-Corruption Commission. He met with Commissioner Francis Ben Kaifala and participated in a handover ceremony of computers and other equipment. While many stakeholders ...

China Presented a Four-Point African Peace and Security Proposal in an Open UN Security Council Debate

Chinese Foreign Minister Wang Yi chaired an open debate at the UN Security Council on Wednesday to discuss a four-point proposal on African peace and security in the post-COVID-era. The meeting "Peace and Security in Africa: Addressing Root Causes of Conflict ...

Analysis from Cobus van Staden

China-Led Study Proposes Global Energy Network

A globally connected network of solar and wind energy could provide three times the global energy demand by 2050 at a lower cost than independent national power systems. This is the finding of a study led by the Chinese Academy of Sciences in collaboration with researchers from the United States and Denmark.

The study focused on how areas with high solar and wind capacity (such as deserts) can be linked to ...

The U.S. and China Face Off Against One Another in Latin America Over Vaccine Distribution

No news today from Africa about Chinese vaccine distributions but lots of action unfolding in Latin America where the United States and China are squaring off against one another, particularly in countries that still maintain diplomatic ties with Taiwan. U.S. officials ...

China Backs Reallocation of IMF Funds to African Countries

China answered France's call to support the reallocation of billions of IMF funds that will come from an issuance of $650 billion in new Special Drawing Rights, according to a Foreign Ministry summary of remarks made by Vice Premier Han Zheng at this week's Franco-African ...

China’s Ambassador to the DRC Hints the Country May Once Again Be at the Center of a Great Power Struggle

Chinese ambassador to the Democratic Republic of the Congo, Zhu Jing, posted a somewhat cryptic tweet earlier this week that suggested the DRC may once again be at the center of a great power struggle, this one, he implied between the United States and China.